A domain hosting company does just that: hosts your domain name on its servers so Internet users anywhere can type in your URL and access your Website by domain name. In most cases, domain hosting and Web hosting are the same thing.
A domain name actually provides a shortcut to help users access your Website. Every site-hosting server in the world has its own unique Internet Protocol, or IP, address. Rather than having to type in a complex IP address like 208.97.191.15, though, DNS (for Domain Name System) allows you to type in an easy-to-remember URL like www.webhostingreport.com and access the Website you want that way.
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